Orpea adjusts conversion rate of Oceanes due 2027

By Marisa Wong

Los Angeles, July 22 – Orpea announced it increased the conversion rate for its convertible bonds due May 17, 2027.

The conversion rate was adjusted to 1.011 Orpea share per Oceane from 1.000 share per bond, effective as of July 12.

The adjustment is due to distribution of a dividend of €1.20 per share.

Orpea is a Paris-based long-term care facility operator.

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